Small-business owners’ overall confidence fell slightly in June as concerns about temporary cash flow increased, the results of a survey Discover Financial Services released June 28 suggest.

The Discover Small Business Watch declined by 1.3 points, to 86.1 from 87.4 in May, which was the highest point the index has reached this year.

The Business Watch is a monthly report measuring the relative economic confidence of 750 randomly selected small-business owners based on their responses to six questions. Its creators established a base index of 100 when the Watch began in August 2006.

Some 51% of small-business owners reported temporary cash-flow problems in June, up from 45% who did in May. Forty-five percent of owners reported no cash-flow issues, down from 48% who did in May; 4% were unsure.

“Many small-business owners are working harder than ever to make payroll, pay their bills and keep their businesses running,” Ryan Scully, Discover business credit card director, said in a statement.

The percentage of business owners rating the economy as poor fell to 51% from 56% in May, while 37% rated the economy as fair, up from 32% who said so in May. Some 12% of respondents rated the economy as good or excellent, steady with those who said so in May.

Twenty-nine percent of business owners in June said they believe the overall economy is getting better, down from 35% who said so in May. Some 51% said the economy is getting worse, steady with those who said so in May, while 16% said the economy is the same, up from 12% who said so in May.

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